Hubbell Policies

Tie out Shipments Ensure shipping logs (or equivalent documents) have been updated for each shipped parcel. Trace to Bills of Lading Confirm that signed bills of lading from the drivers exist and have been captured and retained in the system for each parcel shipped. Advise of FOB Destination Shipments Track and identify all FOB Destination shipments and communicate to local accounting department for month end accounting purposes. Walk Through Shipping Areas Perform a visual inspection (“dock sweep”) of all shipping areas (loading docks, staging locations, etc.) to ensure all posted shipments have actually shipped. Any unidentified boxes, partially-packed parcels, etc. that are present in these areas as of the end of the month’s final day should be investigated. The local accounting department should be notified if the investigation shows that such parcels should have been shipped by that day’s end, but were not, and that revenue reversal may be necessary. Verify Trucks Have Departed From Premises Verify that any trucks loaded with customer shipments have physically left the warehouse location/yard prior to midnight on the last day of the month. ADMINISTRATION Roles and Responsibilities. The Shipping Manager, Distribution Center Manager and applicable Unit and Group Controllers have responsibility in overseeing compliance with this policy.

Monitoring, Evaluation and Review.

1. Internal Audit reviews are performed periodically at the discretion of the local, group, or Corporate management. 2. SOX key controls relevant to shipping / revenue cutoff are reviewed annually.

Exception. None

ACCOUNTING AND DISCLOSURE None REPORTING None DEFINITIONS Shipped shall mean for purposes of this procedure, “shipped” is defined as items sold by Hubbell and in transport as supported by a Bill of Lading.

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